Should You Buy Ciena Ahead of Earnings? 3 Analysts Say Yes
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
In less than 24 hours, Ciena Corporation (NYSE: CIEN) will report its fiscal Q3 results. Wall Street can hardly wait to see them.
Curiously for a company whose news is not yet even out yet, three big Wall Street analysts have already jumped the gun and published positive notes on Ciena ahead of earnings. Tic-tac-toe, three in a row, Citigroup, UBS, and MKM Partners are all recommending that investors buy Ciena stock before earnings. Here's why.
Source: Fool.com